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Japan shares lower at close of trade; Nikkei 225 down 0.81% By Investing.com

Investing.com – Japan equities were lower at the close on Tuesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 0.81%. The biggest gainers of the session on the Nikkei 225 were NEC Corp. (T:6701), which rose 3.51% or 190.0 points to trade at 5610.0 at the close. Mitsui O.S.K. Lines, Ltd. (T:9104) added 1.71% or 90.0 points to end at 5360.0 and Ajinomoto Co., Inc. (T:2802) was up 1.63% or 47.0 points...

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China’s Economy Is Stabilizing and Improving, PBOC Says By Bloomberg

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s central bank provided a more positive outlook of the economy, saying it’s showing more stability and improvement even though domestic and global risks remain. The People’s Bank of China will step up its coordination with global economic policies and prevent “external shocks,” the monetary policy committee said in a statement Monday at the conclusion of its quarterly meeting. The committee reiterated that China’s prudent monetary policy will be targeted and reasonable, and the central bank will keep liquidity reasonably ample. After...

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Musk set to tout Starlink progress as cost, demand hurdles linger By Reuters

By Hyunjoo Jin and Supantha Mukherjee (Reuters) - Don Joyce, a Nokia (HE:NOKIA) director working from home at a remote lake cottage in Canada, recently abandoned his painfully slow phone-line internet in favor of satellite broadband service Starlink, offered by Elon Musk's SpaceX. Starlink, which cost him C$600 dollars (US$486) for hardware and a lofty C$150 monthly subscription, provides "blindingly fast" speeds when uploading videos or streaming movies, he said. But the beta test customer said he experiences dropouts during calls on Microsoft Teams and Zoom.     "If you're in the city and you have...

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Analysis: When do electric vehicles become cleaner than gasoline cars? By Reuters

By Paul Lienert DETROIT (Reuters) - You glide silently out of the Tesla showroom in your sleek new electric Model 3, satisfied you're looking great and doing your bit for the planet. But keep going - you'll have to drive another 13,500 miles (21,725 km) before you're doing less harm to the environment than a gas-guzzling saloon. That's the result of a Reuters analysis of data from a model that calculates the lifetime emissions of vehicles, a hotly debated issue that's taking center stage as governments around the world push for greener transport to meet climate...

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Dollar bides time below two-month highs before payrolls test By Reuters

TOKYO (Reuters) - The dollar hovered below a two-month high versus major counterparts on Tuesday, with traders largely sidelined ahead of a closely watched U.S. jobs report, which could sway the timing of an exit from Federal Reserve stimulus. The dollar index, which tracks the greenback against a basket of six major currencies, was at 91.884 early in the Asian session after retreating from as high as 92.408 on June 18, in the week the Federal Open Market Committee shocked markets by predicting two interest rate hikes by end-2023. The Fed commentary since then has put...

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Asian shares pressured by fears over Delta virus variant, U.S. data in focus By Reuters

By Paulina Duran SYDNEY (Reuters) - Asian shares edged lower on Tuesday on concerns new coronavirus outbreaks in the region could undercut an economic recovery even as robust momentum in the United States prompts the Federal Reserve to contemplate a quicker exit from accommodative policy. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.11% lower, hovering near recent highs, though momentum has stalled as some countries re-impose lockdowns to contain the spread of the Delta virus variant. Australian and Japanese shares took the brunt of early losses, with the ASX/200 index down 0.76% and the...

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Google takes down maps targeting hundreds of Thais accused of opposing king By Reuters

By Fanny Potkin and Panu Wongcha-um SINGAPORE/BANGKOK (Reuters) - Google took down two Google Maps documents on Monday that had listed the names and addresses of hundreds of Thai activists who were accused by royalists of opposing the monarchy, the technology company said. Thai royalist activist Songklod "Pukem" Chuenchoopol told Reuters he and a team of 80 volunteers had created the maps and planned to report everyone named on them to police on accusations of insulting the monarchy. A spokesperson for Alphabet (NASDAQ:GOOGL)'s Google said by email "the issue is now fixed", and noted: "We...

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Google services down for some users – Downdetector By Reuters

(Reuters) - Multiple users complained about an outage affecting Alphabet (NASDAQ:GOOGL) Inc's search engine Google as well as its streaming and email services, according to outage monitoring website Downdetector. Platforms including Google, YouTube and Gmail were down Monday evening, with users complaining of difficulty in logging in and accessing the website in parts of North America, according to Downdetector. More than a thousand users were having difficulties with the search engine at one point, the outage monitoring website showed, and users were also facing issues with YouTube TV and Google Drive. The issue affecting the...

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Japan’s retail sales rise for 3rd month, but overall trend still soft By Reuters

By Yoshifumi Takemoto and Daniel Leussink TOKYO (Reuters) - Japanese retail sales beat expectations in May as households loosened their purse strings, but underlying trends in consumption remain hostage to COVID-19-linked pressures and suggest the economic recovery will take time to gather steam. With Tokyo set to host the Olympic Games next month, analysts expect Japan's economy will barely grow in the second quarter after prolonged coronavirus emergency curbs hurt the growth outlook. As major global economies such as the United States rebound strongly from the COVID-19 slump, the weak growth rate in Japan is...

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Bed Bath Gains As Analysts Sound Positive Ahead Of Q1 Earnings By Investing.com

By Dhirendra Tripathi Investing.com – Bed Bath & Beyond (NASDAQ:BBBY) rose more than 7% during Monday’s trading as two research houses sent out positive reports ahead of the retailer’s June 30 first quarter earnings announcement. Baird analyst Peter Benedict believes the upcoming results appear biased to the upside based on robust sector demand and normal earnings seasonality. The analyst said he is on the lookout to reengage with this "intriguing multi-year turnaround story," even as he maintained his neutral rating with a $30 target for the stock, a level breached in today’s rally. Bed Bath spent...

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